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HEAT2VALUE SIGNED

Increased energy efficiency, flexibility and reduction of green-house gases using thermal battery

Total Cost €

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EC-Contrib. €

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Partnership

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 HEAT2VALUE project word cloud

Explore the words cloud of the HEAT2VALUE project. It provides you a very rough idea of what is the project "HEAT2VALUE" about.

flexibility    president    relies    germany    vice    benefits    industrial    quantities    waste    services    founded    manufacturing    czech    energynest    formerly    modules    types    2011    co2    demand    largely    efficiency    prof    dnv    renowned    senior    medium    billion    breakthrough    industries    ghg    thermal    expert    electricity    performance    2040    spain    fuel    consumption    demonstration    environmental    intensive    unlocks    prefabrication    steel    gl    familiarize    netherlands    stored    fabrication    professor    temperature    solution    irrs    500    structural    heat    business    40    kiln    republic    trust       supply    discharged    otherwise    cumulative    patented    vast    plants    emissions    aring    customers    overlooked    savings    establishing    romania    innovation    form    local    steam    battery    grade    ntnu    market    district    engineering    energy    million    bergan    combustion    sectors    activate    heating    tons    mechanics    cooling    reducing    2020    plant    norway    recovered    storage    hence    emit    chain    storing    power   

Project "HEAT2VALUE" data sheet

The following table provides information about the project.

Coordinator
ENERGYNEST AS 

Organization address
address: OLAV BRUNBORGS VEI 6
city: BILLINGSTAD
postcode: 1396
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Norway [NO]
 Total cost 2˙050˙500 €
 EC max contribution 1˙435˙350 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-2
 Funding Scheme SME-2
 Starting year 2019
 Duration (year-month-day) from 2019-12-01   to  2021-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ENERGYNEST AS NO (BILLINGSTAD) coordinator 1˙435˙350.00

Map

 Project objective

EnergyNest has developed a breakthrough Thermal Battery solution that enables a step-change in improved efficiency, flexibility, and environmental performance for the power and industrial manufacturing sectors. By storing energy in the form of heat rather than electricity our technology unlocks a vast new market that has so far been largely overlooked. Energy-intensive industries and several types of thermal power plants emit large quantities of high-temperature heat. Recovered, stored and discharged upon demand high-grade heat can be used to produce high-value energy in the form of electricity, process steam/heat, district heating and even cooling which would otherwise have to be produced from fuel combustion, hence reducing fuel consumption and GHG emissions. The potential cumulative CO2 savings for these sectors is greater than 500 million tons between 2020-2040. Our solution offer strong business cases with IRRs in the range of 20–40% in a market estimated to be greater than 7 billion € per year in Europe.

The objective of this project is to demonstrate the EnergyNest Thermal Battery system at a plant where waste-heat from a kiln will be recovered, stored and used to supply steam, thus reducing fuel consumption within the plant. The demonstration will familiarize our future customers to the Thermal Battery, establishing trust in its performance, benefits and our capabilities. The Thermal Battery innovation relies on a patented system design using an unique concrete-like storage medium. The project will activate an European supply chain, with steel fabrication in The Czech Republic/Romania, concrete fabrication in Germany, prefabrication of Thermal Battery Modules in the Netherlands, and local engineering services in Norway and Spain.

EnergyNest was founded in 2011 by prof. Pål Bergan, a renowned structural mechanics expert formerly professor at NTNU and Senior Vice President at DNV GL.

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The information about "HEAT2VALUE" are provided by the European Opendata Portal: CORDIS opendata.

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